SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, today announced that it has extended the expiration time for its special dividend right from December 31, 2019 to on or before 5:00 PM ET on December 31, 2020. Per the update, on September 17, 2018, the company issued a non-transferable right (“Dividend Right”) to receive, at no charge, a special dividend to holders of the company’s Class A common stock as well as certain holders of the company’s common stock equivalents. The Special Dividend, if and when declared, will consist of such number and designation of the SRAX subsidiary BIGtoken, Inc.’s securities (“Special Dividend”) as determined at the sole discretion of the company’s management. The Dividend Right was set to expire on or before 5:00 PM ET on December 31, 2019 (the “Expiration Time”), unless extended by the company. The Dividend Right will now expire if the Special Dividend is not declared on or before 5:00 PM ET on December 31, 2020, unless further extended by SRAX.
To view the full press release, visit http://nnw.fm/L9XcM
About SRAX Inc.
SRAX is a digital-marketing and consumer-data-management technology company. SRAX’s technology unlocks data to reveal brands’ core consumers and the characteristics of those consumers across marketing channels. Monetizing its data sets, SRAX is growing multiple, recurring revenue streams through its various platforms. Through its BIGtoken platform, SRAX has developed a consumer-managed data marketplace where people can own and earn from their data, thereby offering everyone in the internet ecosystem choice, transparency and compensation. SRAX’s tools deliver a digital competitive advantage for brands in the CPG, automotive, investor-relations, luxury and lifestyle verticals by integrating all aspects of the advertising experience, including verified consumer participation, into one platform. For more information, visit the company’s website at www.SRAX.com.
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://nnw.fm/SRAX
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.